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Research notes

What India's research desks published, reported with attribution and linked to the original notes. Orivam issues no recommendations of its own.

2 notes from HDFC Securities · 09 Nov 2026, 00:00 to 10 Nov 2026, 00:00 IST

09 Nov 2026, 06:19 IST Tata Steel Limited HDFC Securities BUY target INR 255/share

The note says Tata Steel's consolidated margin hit a 17-quarter high in Q2FY27 on pricing gains and Netherlands strength, prompting HSIE to raise EBITDA estimates and maintain BUY with a revised target price of INR 255/share.

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09 Nov 2026, 06:19 IST Divi's Laboratories Limited HDFC Securities ADD target INR 11,470

The note says Divi's Q2 EBITDA beat estimates on 35% YoY sales growth and margin expansion, leading HSIE to raise EBITDA estimates and revise its target price to INR 11,470 while maintaining ADD.

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